What is donation pledge management, and should the non-profit you work for be using it? If so, how do you go about getting started?
What is donation pledge management? — This generally involves a software program that is able to track all of the information connected to a pledge.
A representative from your organization will have to input the information about each pledge as the pledge is made. Once it is input into the system, however, it becomes incredibly easy to track, and easy to create reports about all the pledges currently made to your organization.
What information will you have at your fingertips? — The problem with pledges being made is that it can be easy to forget about them and, thus, difficult to follow up to make sure they are actually given as promised.
With a donation pledge management system, however, you will be able to access all the information about a specific pledge. This includes the amount of the pledge, and whether it is a one-time or recurring pledge.
It includes being able to keep track of how much of a pledge has been paid, and how much is still lowed. It also means you can merge information about pledges into letters that can then be sent out to the people that pledged, reminding them of when the money they are donating is due.
Pledges can also be tracked based on the event at which they were received. Whether that event is a live auction, a gala, a black tie dinner or even from a major donor event.
The more information that is inputted into the donation pledge management software, the easier it will be to track it so that you do receive the money you were promised.
What do you need to do it? — You will need to buy a donation pledge management software program that has been highly reviewed.
You will find several of them online. It is up to you to decide which of them has the features your non-profit needs, as well as one that falls into the budget you can afford.